WASHINGTON, DC—Bates White is pleased to announce that Dr. Richard Sciacca has joined the firm as a Partner in the Transfer Pricing and Tax Practice. Dr. Sciacca previously was Director and Senior Economics Advisor for Deloitte Tax LLP’s National Advance Pricing Agreement (APA) and Competent Authority (CA) Group, where he led the development, economic analysis, and implementation of intercompany pricing strategies for multinational companies.
Dr. Sciacca has more than 35 years of experience as a senior economist specializing in transfer pricing controversy, advance pricing agreements/tax regulation administration, financial analysis and valuation, commercial damages, antitrust and trade regulation, applied statistics, and econometrics. He has an extensive background in designing, negotiating, and resolving complex unilateral, bilateral, and multilateral APA and CA matters. Dr. Sciacca also has substantial experience in complex transfer pricing audit and appeals negotiations, international and state tax planning, transfer pricing M&A due diligence, and commercial and transfer pricing litigation projects in the automotive, healthcare and pharmaceutical/biotechnology, consumer products, manufacturing, technology, chemicals, oil and gas, and energy industries.
David DeRamus, co-chair of Bates White’s Transfer Pricing and Tax Practice, commented, “Richard Sciacca is a great addition to our firm. His comprehensive knowledge of economics literature, tax regulations, and Organization for Economic Cooperation and Development (OECD) guidelines, coupled with his formative academic and agency background, will be invaluable in helping our clients to navigate complex economic and transfer pricing and tax issues.”
Prior to joining Bates White, Dr. Sciacca held senior transfer pricing positions at the Internal Revenue Service (IRS), Deloitte & Touche LLP, and Ernst & Young. In these positions, he led various critical APA projects, handled cost-sharing regulation and regulatory coordination projects, negotiated bilateral agreements with tax authorities worldwide, and developed numerous novel transfer pricing financial and valuation models, formulas, and tools. Earlier in his career, he was a Senior Economist at the Federal Trade Commission’s Bureau of Economics and was also a Senior Economist at a Washington, DC economics consultancy, where he served as an expert economist in more than 50 antitrust, commercial litigation, applied statistics, and econometrics projects. He also held faculty positions at Cornell University, Ithaca College, and Dickinson College. Dr. Sciacca received a PhD in Economics from Cornell University.
Dr. Sciacca frequently speaks at domestic and international tax conferences and is an active member in the National Association of Business Economists, American Economic Association, and American Bar Association.